Two pieces of RM5 "ZC" was on auction on Ebay Malaysia and just ended with realized price of RM10.25 each and RM10.75 each with 5bids and 6bids respectively.
So by now you should know where you stand in the speculation chain don't you ?
Date : 11th Aug 2014
Generally speaking Malaysian numismatics collectors are pure speculators and they are not collectors at all. Majority of them like to speculate on replacement notes akin to buying penny stocks in the stock exchange and hoping to make quick bucks.
The most recent replacement note which came out to the market was the RM5 prefix "ZC" replacement just days before the Hari Raya Adilfitri on 28th July 2014. The price was sold at RM80.00 per piece (with ordinary serial numbers nothing special) and today at the time of writing the price fell to RM18.00 per piece just barely 2 weeks. Modern replacement notes carry no numismatics value and the prices are solely base on "demand and supply" and once the demand vanishes so as to the price.
Many collectors like to speculate on replacement notes because they hope to make fast money but not everyone are so lucky. Obviously the last person in the speculation chain will lose out and first person on top of the chain will gain the most. Not everyone could be on top of the chain one must have good relationship with the bankers to receive the supplies with the lowest cost possible close to the face value of the banknotes. Usually these bankers work on "buddy-buddy" system with the dealers and both parties need each other.
Most dealers don't have much numismatics banknotes/coins (eg :- Straits Settlements, Malaya, Sarawak, British borneo and etc.) stocks left in their inventory and it is not easy to replenish your stocks once you have sold them and this dilemma are faced by every full time dealer. But then they still have their monthly commitments and cost to cover and they need to sell something to make profit, therefore to trade replacement notes is a best way to make fast money as there are frequently new replacement notes were issued in a year.
Whereas for collectors the approach are different like myself and time is not against us but time is on our side in contrast, if i don't sell anything in a year i still live happily and my life style still maintain. However i do have an ebay store to sell my excess stocks and to make some profit and so that i could use the money to expand and upgrade my personal collections.
I consider myself to be 70% collector and 30% seller. How about you ?
Happy reading.
Andrew
Whereas for collectors the approach are different like myself and time is not against us but time is on our side in contrast, if i don't sell anything in a year i still live happily and my life style still maintain. However i do have an ebay store to sell my excess stocks and to make some profit and so that i could use the money to expand and upgrade my personal collections.
I consider myself to be 70% collector and 30% seller. How about you ?
Happy reading.
Andrew
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